Situated in the heart of one of the north's most in-demand suburbs, this exciting opportunity in Bundoora offers exceptional potential for developers and savvy investors alike. Perfectly positioned just moments from every essential amenity, this property combines convenience, future growth, and development potential in one enticing package.
Set on a generous parcel of land, this home sits just off Plenty Road, giving you direct access to Tram 86 which runs straight to the city. Bundoora Square Shopping Centre is virtually at your doorstep, providing immediate access to supermarkets, cafes, restaurants, medical centres, and more. With La Trobe and RMIT Universities just down the road, as well as local schools and parklands, this is a location that truly ticks all the boxes.
Currently tenanted and returning $450 per week, the property provides solid holding income while you prepare your next move. The existing home is functional it's ideal for those looking to rebuild, or capitalise on the approved development potential.
The real value here lies in the land and what's already in place: approved plans and permits for three modern townhouses. Whether you're an experienced developer or someone seeking their next big investment, this is a ready-made opportunity to hit the ground running in a fast-growing, high-demand suburb.
Whether you're looking to invest, develop, or land bank in one of the most tightly held pockets of Bundoora, this is an opportunity not to be missed. Properties with this kind of scope and location are incredibly rare, act quickly and secure your future today.
Land size: 614m2 approx
Deposit: 10% of the purchase price
Settlement preference: 30-60 days
Rental: $450 per week
